While most market participants were resting, the crypto industry continued to move actively. Bitcoin has settled near the $77,000 mark, stablecoin neobank Fasset has attracted a major funding round, and the head of Tether has made an important statement about the global expansion of USDT. I am breaking down the key events of the past 24 hours.
Market Leaders' Dynamics
At the time of analysis, around 08:50 Moscow time, bitcoin (BTC) was trading near $77,050. Over the past 24 hours, the price fluctuated in the range of $75,600 – $77,800, showing a gain of 1.10% over the day and an impressive +21.41% over the week. This dynamic confirms the persistence of bullish momentum despite local volatility.
Ether (ETH) also showed steady growth, reaching the $2,447 mark. The daily increase was 2.90%, and the weekly increase was 28.87%. Overnight trading occurred in the range of $2,360 – $2,480, indicating high liquidity and interest from institutional players.
Among the altcoins in the top 25, the growth leaders were Zcash (ZEC) with a gain of 6.51%, Sui (SUI) — 4.56%, and Hedera (HBAR) — 4.41%. At the same time, some assets corrected: Monero (XMR) lost 3.03%, and UNUS SED LEO (LEO) declined by 1.85%.
In the top 100, Ethena (ENA) stood out, surging by 99.54% over the week. Stacks (STX) and Official Trump (TRUMP) also demonstrated impressive growth — by 93.91% and 76.33%, respectively. The outsider was JUST (JST), which fell by 7.59%.
Institutional Inflows and Liquidations
Spot ETFs continue to attract capital. Over the past week, bitcoin funds received about $1.92 billion, Ethereum — $697.18 million, XRP — $39.78 million, Solana — $28.34 million, and Chainlink (LINK) — $13.35 million. A slight outflow was recorded only for BNB products — about $262,000.
Over the past 24 hours, 72,982 trader positions were liquidated for a total of $300.38 million. Of these, $133.23 million were long positions and $167.16 million were short positions. The largest liquidation order was recorded on Binance for the ETHUSDT pair — $6.86 million.
Key Events of the Night
Stablecoin neobank Fasset raised $68 million in a funding round led by Japan's SBI Group, achieving a valuation of $1 billion. Since May, the company has already raised $51 million, with total funding since the start of the year reaching $119 million. According to Fasset CEO Mohammad Raafi Hossain, the platform processes over $40 billion in transactions on an annualized basis across 125 countries, and revenue has grown sixfold compared to last year.
Tether CEO Paolo Ardoino stated that USDT usage is growing in developing countries, naming Venezuela, Argentina, Bolivia, and Turkey as key markets. According to him, the stablecoin is increasingly used for domestic and cross-border trade, as well as a digital dollar and a store of value amid the depreciation of local currencies.
Ledger CTO Charles Guillemet reported the elimination of a vulnerability in signing scenarios within the Ethereum application. The issue was discovered by the Ledger Donjon unit two weeks ago, and users with up-to-date firmware are protected. Guillemet also refuted rumors that the vulnerability remained unresolved.
My take: Fasset's rise to unicorn status and the expansion of USDT in developing economies are two signals confirming the maturity of stablecoin infrastructure. Institutional inflows into ETFs amid BTC's 21% weekly growth suggest that the market is consolidating positions before a new move. However, the high share of short-position liquidations serves as a reminder: volatility has not gone away, and risk management remains a priority.